Women retire on... £7,600 A YEAR ...less than men

A PENSIONS divide means the average woman has £7,600 a year less to live on in retirement.

- BY GRAHAM HISCOTT Head of Business

A combination of a gender pay gap in work and the fact that women are more likely to take time out to perform unpaid caring roles means they have typically built just half as much in a workplace or private pension as men.

Trade union body the TUC has marked the ongoing disparity with Gender Pensions Gap Day today - the point in the year at which women would stop receiving any form of pension if it was paid out at the same rate as men.